Is the #MidYearBonus taxable?

Is the #MidYearBonus taxable?

Accounting 101

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Sender: Hello, GABOTAF. Ako lang ba yung ganito? Yung pakiramdam ko galit sa akin mga empleyado tuwing bigayan ng bonus kasi bakit daw ang laki ng tax nila. As if ako ang may kasalan kung bakit malaki ang tax sa bonus nila. As if ako walang tax yung bonus ko.

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Learn more: Easy to Understand Step by Step Guide on How to Compute Your Income Tax >> https://shrtm.nu/rnIa

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19 thoughts on “Is the #MidYearBonus taxable?

  1. Annualize computation na lang then start Adjustments sa October, siguraduhin masama yung midyear, year end and cash gift and other compensation at less mo yung 90k ceiling then apply mo yung prescribed computation.

  2. Mag annualize po kasi para ikarga ang tax ng mid yr at year end sa jan to dec salaries. Para buo nila makuha bonuses nila haha although un din suma nun. Atleast d nila ramdam.

  3. Beyond 90k threshold for bonuses and other monetary benefits.

  4. pwede naman wala tax kun isinama mo na sya sa computation ng tax para sa monthly salary

  5. Yung naiutang na nila ung gross.. 🤣🤣🤣
    Nakalimutang may tax pala sila, tapos tsaka magagalit. 🥴🥴🥴😁😁🤪🤪🤪🥴🥴

  6. Been there… but tables will be turned once may nabalitaan silang may napadalhan ng letter ng BIR dahil sa hindi sila nawithholdan at may penalties and taxes… at the end of the day (or taxable year) ikaw pa din ang sisisihin pag ganun ang nangyari (excuse nila, di nila alam ang taxes) and you’ll be the one na malalagay in a bad light…at least iniffect mo na ngayon pa lang kesa magipon sa year end at wala na silang matanggap… LoL

  7. Mas maganda po kung irerecord nyo na agad yung bonus and other taxable benefits sa annual computation ng withholding tax para distributed sa 12 months yung tax at di mafeel ni tax payer hahaha.

  8. Total other benefits (mid-year bonus, year-end bonus, honoraria/overtime, other taxable benefits) in excess of P90T will form part of taxable income

  9. No tax hanggang pasok sa threshold na 90k. BTW, related pa din po sa tax, pwede po magtanong sa nakakaaam, ano po ba gagamitin na ATC for Persons Exempt from VAT Under Sec 109V(Creditable)-Governmmnet Withholding Agent? 3% kasi yung dati, bakit naging 1% na lang?

  10. dapat nga magpasalamat, if malaki yung tax nila ibig sabihin malalaki sahod non.🤣🤣🤣

  11. Pag wala pa natatanggap na bonuses,di pa taxable pag di pa nag exceed sa 90K treshhold.

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